IITL Projects Limited has announced the successful completion of its postal ballot process for approving variation in the terms of redemption of preference shares. The company disclosed the voting results on January 09, 2026, following the conclusion of the remote e-voting process that ended on January 08, 2026.

Postal Ballot Resolution Details

The postal ballot sought shareholder approval for a special resolution regarding the variation in terms of redemption of 70,00,000 Zero% Non-Convertible Redeemable Preference Shares issued to the holding company, Industrial Investment Trust Limited. The resolution was deemed passed on January 08, 2026, with the requisite majority as per regulatory requirements.

Voting Timeline and Process

The postal ballot process was conducted entirely through remote e-voting in compliance with MCA General Circulars. The company followed a structured timeline for the voting process, ensuring adequate time for shareholder participation.

Voting Results and Participation

The voting results revealed unanimous support for the resolution, though participation was limited to a small fraction of shareholders. Notably, promoter and promoter group shareholders, despite holding 3,580,347 shares, did not participate in the voting process.

Scrutinizer's Oversight

The postal ballot process was overseen by Chandanbala O. Mehta, Practicing Company Secretary (Membership No. F6122), who served as the appointed scrutinizer. The scrutinizer's report, dated January 08, 2026, confirmed the validity of the voting process and results. The votes were unblocked on January 08, 2026, at 5:04 PM in the presence of two independent witnesses, Mr. Harsh Vyas and Mrs. Monika Thanvi.

Regulatory Compliance

The postal ballot was conducted in accordance with Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Sections 108 and 110 of the Companies Act, 2013. The company published advertisements about the postal ballot notice dispatch in The Free Press Journal (English) and Navshakti (Marathi) on December 09, 2025. The voting results and scrutinizer's report have been uploaded on the company's website at www.iitlprojects.com and CDSL's website at www.evotingindia.com as per regulatory requirements.

IITL Projects Limited has announced a significant addition to its management team, appointing Ms. Harshida J. Parikh as the company's Manager, effective August 06, 2025. This appointment, which comes in addition to her existing role as Company Secretary, was approved by shareholders at the Annual General Meeting (AGM) held on September 13, 2025.

Key Highlights of the Appointment

• Dual Role: Ms. Parikh will serve as both Manager and Company Secretary.
• Term: The appointment is for a three-year term, ending August 05, 2028.
• Approval: Shareholders ratified the appointment at the 31st AGM.

Professional Background

Ms. Harshida J. Parikh brings a wealth of experience and qualifications to her new role:

• Education:

  • Qualified Company Secretary
  • Associate Member of the Institute of Company Secretaries of India (ICSI)
  • B.Com degree from Mumbai University
  • Post Graduate Diploma in Finance Management from Narsee Monjee Institute of Management Studies

• Experience: 3.5 years in secretarial and compliance areas

• Expertise: Company law matters, SEBI Listing Regulations, general administration, management, and leadership skills

AGM Proceedings

The 31st AGM of IITL Projects Limited, held virtually on September 13, 2025, covered several important agenda items:

1. Adoption of Audited Financial Statements for the year ended March 31, 2025
2. Re-appointment of Mr. Bipin Agarwal as Director
3. Appointment of Ms. Harshida J. Parikh as Manager

The meeting, chaired by Dr. Bidhubhusan Samal, was conducted through video conferencing in compliance with regulatory guidelines. Shareholders were provided with remote e-voting facilities, and the results are expected to be declared within two working days of the AGM's conclusion.

Company Overview

IITL Projects Limited, with its registered office in Mumbai, operates in the real estate sector. The company's leadership acknowledged the challenges faced by the economy and the real estate sector in recent times during the AGM proceedings.

This strategic appointment of Ms. Parikh as Manager, combined with her role as Company Secretary, is expected to strengthen IITL Projects' leadership team and contribute to the company's governance and compliance efforts in the dynamic real estate market.